The defined contribution plans of the country's Fortune 100 held $776 billion in assets at the end of 2013, a more than 20 percent increase over the previous year, thanks in large part to strong stock market returns, according to Towers Watson.
Of the $130 billion increase in total assets, employees contributed $30 billion, while their employers matched another $17 billion.
The Fortune 100's plans paid out $53 billion in distributions, and $6 billion in expenses and transfers, while generating $129 billion in investment returns for the year; 16 percent of plans returned more than 25 percent.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
